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Which of the Following Is True of the Interaction of Supply

Question 356

Multiple Choice

Which of the following is true of the interaction of supply and demand?


A) As the price increases, the quantity demanded and the quantity supplied will increase.
B) As the price increases, the quantity demanded and the quantity supplied will decrease.
C) As the price increases, the quantity demanded increases and the quantity supplied will decrease.
D) As the price increases, the quantity demanded will decrease and the quantity supplied will increase.
E) As the price increases, neither the quantity demanded nor quantity supplied will change.

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